RISLA

Smart Ways to Pay for College

Financial services in Warwick, RI (show on map)

3.7

★★★★☆

43 reviews

RISLA offers student loans, refinancing, scholarship resources, and planning tools to support education at every stage.

Call (800) 758-7562

Navigate to Visit website

About

RISLA is a nonprofit organization providing student loans, refinancing options, and scholarship resources to help students and families manage the cost of education. With competitive rates, flexible repayment terms, and a commitment to student success, RISLA supports borrowers from undergraduate to graduate levels, including specialized loans for health professionals and parents.

The organization also offers free college planning and financial guidance through its College Planning Center.

Nonprofit focus on students

Industry recognition as top student loan lender

Free college planning and financial guidance

Local expertise with nationwide reach

Highly-rated customer service

Services

Undergraduate Loans

Private undergraduate student loans for covering tuition, housing, and other education expenses with clear terms and competitive rates.

No Fees No Annual Limits Pay Now - Pay Later Options More Borrower Benefits

Graduate Loans

Private graduate student loans for master’s and doctoral programs at eligible colleges and universities.

No Fees No Annual Limits Flexible Repayment Options

Parent Loans

Loans for parents looking to borrow for their student's education, with benefits like no student obligation on the loan.

Student is Not Obligated on Loan Rates Starting at 5.99% APR

Refinance Loans

Refinance existing student loans to simplify repayment and potentially lower interest rates.

Combine multiple loans into one payment Explore competitive rates Clear terms and supportive guidance

College Planning Center

Free personalized guidance to help students and families navigate the college process, including planning, financial aid, and scholarships.

Free personalized guidance College readiness resources Financial aid support

Scholarship Hub

Search smarter and apply faster for scholarships, with resources to help students stay organized and apply with confidence.

Free tips & scholarship resources Monthly scholarship opportunities Scholarship matching based on profiles

Credentials & Certifications

Nonprofit Student Loan Provider

Since 1981

Industry Recognized as Top Student Loan Lender

Reviews

Rating

3.7

★★★★☆

Reviews

"They communicate well, email timely, and are very helpful."

Frequently Asked Questions

What are the benefits of choosing RISLA for student loans? +

RISLA is a nonprofit lender focused on students, offering industry-recognized low rates, free college planning, local expertise with nationwide reach, and highly-rated customer service.

Why should students consider federal student loan options first? +

Federal loans offer low rates, good benefits, and do not require a cosigner, with borrowing limits that may leave outstanding balances for higher-cost schools.

How does RISLA compare to Federal Parent PLUS Loans? +

RISLA loans provide lower fixed interest rates, no fees, and no annual maximum limits, whereas Federal Parent PLUS Loans have higher interest rates, a 4.228% origination fee, and a $20,000 annual maximum.

What is the difference between federal loan consolidation and private refinancing? +

Federal loan consolidation combines multiple federal loans into one while retaining federal borrower protections, whereas private refinancing with a private lender like RISLA may lower rates but forfeits federal benefits such as PSLF and IDR plans.

What are the eligibility requirements for RISLA undergraduate loans? +

Eligibility includes being a U.S. citizen or eligible non-citizen, attending an eligible school, and demonstrating financial need or creditworthiness. Rates start at 2.99% APR with no application fees.

How can students apply for RISLA scholarships? +

Students can search and apply for scholarships through the RISLA Scholarship Hub, which offers monthly opportunities and scholarship matching based on personal profiles.